American Businessman “Not Qualified” to Buy a LaFerrari Aperta
By the time most people hear about Limited and Special Edition Supercars such as the Ferrari LaFerrari Aperta the have already been sold by invitation to the Ferrari Clienti .
Now comes Preston Henn, American entrepreneur, former racing driver, and car collector with the burning desire to purchase one of the LaFerrari Aperta’s. (Mr. Henn is pictured above with his wife Stella)
So, Mr. Henn, not being a Ferrari invitee, sets out to purchase one of the Limited Edition supercars, he even goes so far as to send a $1-M check to Maranello in the name of CEO Sergio Marchionne, accompanied by a letter announcing his love for Ferrari cars.
To his surprise, his check was returned, with a letter informing him that all examples had been sold.
Then Mr. Henn’s being an American opted to sue Ferrari, demanding a trial by jury and damages “in excess of $75,000”, claiming that by denying him the opportunity to purchase a LaFerrari Aperta, the Italian automaker embarrassed him in front of his peers. Likely he bragged to them that no matter what he could get one of his own from the factory, and not on the secondary market.
“The publication of the statement that Preston Henn is not qualified to purchase a LaFerrari Aperta (Spyder) is an untrue statement which harms Henn’s reputation and holds him up to ridicule, disrespect and disrepute in his profession, trade, occupation, avocation, and among his friends and business and social associates”, the lawsuit states .
The suit also lists all of the Ferrari’s that Preston Henn has owned since Y 1960, and which is impressive, as it goes from the F40, F50, Enzo and LaFerrari, to the 458 Speciale and 275 GTB, while also counting a 365 GT Daytona Spider, a Maserati MC12 and one of Michael Schumacher’s Formula 1 race cars.
If he should win the contest in the US Court, Mr. Henn will create a precedent, which could be followed by other Supercar aficionados in the future.
We will see…but one thing for sure, it puts the focus on the demand for Special Edition Ferraris and Ferrari NV (NYSE:RACE) has much deeper pockets than Mr. Henn and in order to preserve its right to sell to whom it pleases could take the case to the US Supreme Court, which would likely see Mr. Henn flinch and fade from the expense.
Amazing what one might resort to to join the list of the Ferrari Special Clienti.
|NYSE:RACE||46.89||3 August 2016||0.38||46.43||47.23||46.38||777,900|
|HeffX-LTN Analysis for RACE:||Overall||Short||Intermediate||Long|
|Bullish (0.26)||Very Bullish (0.53)||Neutral (0.02)||Neutral (0.22)|